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Gold Eases as Equity Rally Boosts Risk Appetite


Wednesday, 3 June 2020 09:36 WIB

GOLDEMAS


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Gold prices dipped on Wednesday as equity markets rallied on economic optimism and hopes for further stimulus measures boosted risk-on sentiment.

Spot gold was down 0.2% at $1,722.93 per ounce, as of 1252 GMT. U.S. gold futures fell 0.3% to $1,729.70.

Asian equities were set to follow the global equity rally from Tuesday, on hopes of more government stimulus.

On Tuesday, stocks in the U.S., Europe and emerging markets hit their highest levels since early March.

Traders hope that the European Central Bank will deliver additional stimulus, by around 500 billion euros, when it meets on Thursday.

Source : Reuters


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